R6 — the Case for a New Global Currency Basket

... obstacle with which Renminbi has to overcome to directly challenge or offer an alternative to US dollar are long and rather not straight. However all of these countries or the R6 have a currency that starts with R: the Chinese Renminbi, Russian Rouble, India’s Rupee, Brazils’ Real, Iran’s Rial and South Africa’s Rand. So why not considering a new currency called R6 or Robust, Resolve, Relay or Reform ? Establishing a new currency purpose oriented for trade among these six economies is long overdue. The Sr. Management of NDB ...